Sunbury, United Kingdom — September 2, 2005 — GXS™, a leading provider of business-to-business (B2B) e-commerce solutions, today announced that the United Kingdom’s (UK) Competition Commission has approved the acquisition of G International’s UK business by GXS’ majority shareholder Francisco Partners. As a result, GXS is now free to complete the merger of the UK businesses of GXS and G International. On August 1, 2005, GXS announced global completion of the merger with G International, subject to maintaining separate operations in the UK pending completion of the Competition Commission’s inquiry.
“We are happy with the findings of the Competition Commission, and look forward to working to maximise opportunities brought about by the merger of GXS and G International,” said Gary Greenfield, president and CEO of GXS. “With the completion of the merger as of August 1, 2005, the company began operations as a single entity worldwide with the exception of the UK. As of today, we will be doing the same in the UK. We will work aggressively to allow our customers to realise the benefit of this combined, global leader in the B2B supply chain.”
GXS is a leading global provider of B2B e-commerce solutions that simplify and enhance business process integration and collabouration. Organisations worldwide, including more than 75 percent of the Fortune 500, leverage GXS Trading Grid® to achieve balance between supply and demand. Active in the global standards arena, GXS solutions enable customers both large and small, to connect with global partners, synchronise product information, optimise inventory levels and demand forecasts, and accelerate the execution of supply chains.
Headquartered in Gaithersburg, Md., GXS provides sales and support to businesses and their partners worldwide. For more information about GXS visit www.gxs.co.uk.